BusinessWeek Mindanao (February 7, 2018)

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 109

Market Indicators

As of 6:00 pm February 6, 2018 (tuesday)

FOREX

PHISIX

US$1 = P51.46

8,550.42

5

X X Briefly

cents

65.58 points

Teacher pay hike PUBLIC school teachers are expected to get salary increase beginning 2020, Malacanang announced on Tuesday. Presidential Spokesperson Harry Roque said the entire cabinet reaffirmed during last Monday’s meeting the directive of President Rodrigo Duterte to find ways and means to increase the salary of teachers. Roque explained the increase would take effect beginning 2020 and not in 2019 as previously announced by the Palace. “The entire cabinet reaffirmed the President’s directive that we will continue to look for ways and means to effect an increase in the teacher’s salary but beginning 2020, not 2019,” Roque said.

Alliance for growth LAMITAN City, Basilan -- Local chief executives from the five municipalities of the western part of Basilan Island forged an alliance to spur peace and development in the area. At the recent consultation meeting with municipal executive officials and partners in Lantawan, the concept of Western Basilan Alliance (WBA) as a development platform was presented. Noor M. Saada, Project Manager of the Modeling InterLGU Alliance in Basilan (MILAB) project said that the consultation is second in a series to inform and mobilize support for the WBA. The Agencia Espanola de Cooperacion Internacional para el Desarrollo (Spanish Agency for International Development) AECID-funded MILAB Project and how this will support the WBA as a development platform was also introduced.

YOUR Mindanao-wide BUSINESS paper

RELIABLE

IN-DEPTH

P15.00

China’s steelmaker eyes shipyard in Mis. Oriental A www.businessweekmindanao.com

Wednesday | February 7, 2018

By MARK FRANCISCO, Staff Writer

NSTEEL, the Chinese shipbuilding giant which has earlier expressed interest to put up a steelmaking plant in Misamis Oriental, will construct two more large factories here – a cement processing plant and a shipyard. Ma. Te re s a A le g r i o, regional governor for the Philippine Chamb er of Commerce and Industry (PCCI), revealed this over the weekend even as she

said that there were already exploratory talks on the matter between Ansteel and the management of Phividec Industrial Authority which shipyard/PAGE 11

FISHING EXPEDITION. Children try their hand in fishing in Barangay San Juan, Hinatuan, Surigao del Sur in this file photo. mindanews photo by h . marcos c . mordeno

SC upholds martial law extension in Mindanao By CHRISTOPHER LLOYD CALIWAN, PNA

THE Supreme Court (SC) has dismissed the four c on s o l i d at e d p e t it i on s seeking to halt the full-year

extension of martial law and the suspension of the privilege of the writ of habeas corpus in Mindanao.

SC spokesman Theodore Te announced the directive was issued following Tuesday’s regular en banc session of the magistrates. extension/PAGE 11

ROLL-ON ROLL-OFF. Super Shuttle Roro 12 is anchored at the Davao Gulf near Davao City. mindanews photo

‘Ombud’ dismisses Oca, Kikang is new Mayor By CRIS DIAZ, Executive Editor

moreno

CAGAYAN de Oro City--Vice Mayor Reiner Uy is the new City Mayor of this trading hub of about 600,000 people in Northern Mindanao. The Department of Interior and Local Government (DILG) s er ve d t he dismiss a l order against incumbent City Mayor Oscar Moreno and three others at 3:48 Monday afternoon. The BusinessWeek Mindanao (BWM)

obtained copies of the dismissal order. A l s o ord e re d d i s m i s s e d were Elmer M. Wabe, Patrick U. Gabutina, and Roland M. Gabutina. Moreno and the three other cit y of f ici a ls were ordere d dismissed for Grave Misconduct, Serious Dishonesty and Conduct Prejudicial to the Best of Public Service. The dismissal order also carries

the penalties that cancels eligibility, forfeiture of retirement benefits and perpetual disqualification for re-employment in public service. The case against Divina B. Bade, Imelda Marie B. Beltran and Elsie P. Lopoy was dismissed. The Ombudsman ordered the DILG to implement the dismissal order dated April 17, 2017 against Moreno and three other city government officials. The DILG central office transmitted the mayor/PAGE 11

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

2

Economy

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|february 7, 2018

real OFW Watch app launched in Davao CDO property tax

D

AVAO City – Overseas Filipino workers (OFWs) now have a platform to empower and protect them, after the unveiling of a mobile social networking technology called OFW Watch Mobile App. In partnership with the Department of Labor and Employment (DOLE) and the Overseas Workers Welfare Administration (OWWA), the new app features the “Find Others function” and the “Volunteer Switch”. The “Find Others” feature uses geo-location data to connect the user with other OFWs, expats and community groups nearby. Profiles of nearby

users including links to their social networks such as Facebook are used to facilitate a connection if both parties mutually agree. There is tight integration of the feature with Google Places’ “Check In” function that helps identify popular and safe locations nearby. The “Volunteer Switch” function when flipped makes the user part of a global network of Overseas Filipino Volunteers. As a volunteer in the network, the OFWs may receive alerts if a kababayan nearby is in trouble or may be alerted for assistance in sharing critical information with other nearby Filipinos and via their public social

network pages. Myrna Padilla, a former OFW and currently president and founder of OFW Watch, said the mobile app was launched in Hong Kong last year as a pilot project to see what needs to be enhanced based on the users’ feedback. “We are eyeing to reach countries where our OFWs are. This is already accessible on both android and IOS,” said Padilla, who worked abroad for over 20 years. For safety and protection the app also contains an “Emergency SOS” button to report concerns of abuse or maltreatment as well as the ability to ask questions

on any subject related to OFWs’ stay overseas. Representative Aniceto Bertiz III of ACTS OFW Partylist said his group reported to President Rodrigo Duterte that there were more than 20,000 displaced workers as of June 2016. Bertiz said these are OFWs who were neglected by the past administration and were not given assistance as majority of them do not know whom to approach. OWWA deputy administrator Brigido “Dodo” Dulay said the app started with the signing of a Memorandum of Agreement between OWWA and Ms. Padilla, believing that the new

technology can help OFWs. Dulay said OWWA brings home OFWs who died of sickness, abuse, accidents abroad. Other features of the app include the Work Journal for OFWs to record working conditions. The OFW can post status updates, photos, and videos in situations involving distressed OFWs, and these private work journals can be remotely monitored by DOLE, OWWA, or the Philippine Overseas Labor Office (POLO). “In terms of security, all communications between the OFWs and the servers are encrypted; app/PAGE 10

collectibles reach P860M THE city government of Cagayan de Oro has collected more than P860 million from real property tax since November 2017. City Assessor Joshua del Bando reported during the meeting of the department heads of City Hall on January 15 that over P537.7 million will be collected by the city from the basic tax of the total assessed value of real property while P286.8 will be the tax collectibles for the Special Education Fund. The City Assessment Department (CAD) tax/PAGE 10

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo

CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao

DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos

A player from Bukidnon Faith Christian School, Inc. locks horns with his pre-school opponents from Corpus Christi during the ongoing 13th Loyola Cup last Saturday at Xavier University Gym in Cagayan de Oro City. photo by mark francisco

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

3 Megaworld to open P2.2-B mall in Iloilo M Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|february 7, 2018

CorporateWorld

ANDURRIAO, Iloilo City — Megaworld Corp. is set to open a P2.2-billion lifestyle mall in this city in April, as it looks to end the year with a total of 18 malls. Located inside the company’s 72-hectare Iloilo Business Park, Megaworld said the 90,000-square meter (sq.m.) Festive Walk Mall will be the largest and first full-scale mall outside Luzon. “We are excited to bring our lifestyle mall concept to Iloilo, our first outside of Luzon. This full-scale mall will further expand

our offerings in Iloilo Business Park as it matures as a township,” Megaworld Senior Vice-President and Head for Lifestyle Malls Kevin Andrew L. Tan said in a press briefing here on Monday. Festive Walk Mall will offer around 40,000 sq.m. of net leasable space. The company expects around 75% of the space to be taken up by tenants once it opens, and hopes to raise this to 90% within three months of opening. Mr. Tan said they are currently talking with the SM group and the Metro Gaisano group to open two supermarkets

at Festive Walk Mall. The development will also feature seven cinemas, three activity centers, a children’s playground, and around 1,000 parking slots. An open space with gardens and greeneries, a chapel, and a dog park will be located at the third level, collectively called The Deck. Mr. Tan noted Festive Walk would be different from other malls in Iloilo as it would have more food and beverage tenants, pegged at around 30% of total occupants. “Malls here now are run-of-the-mill shopping malls, grocery, bookstore,

that’s it. Here we’re redefining it, providing a round- the-clock lifestyle mall that fits the younger demographic,” the Megaworld executive said. The mall will also have an annex building connected by the 1.1-kilometer Festive Walk Parade. The annex will house government offices, with the Land Transportation Office, Social Security System, and Philippine Health Insurance Corp. already contracted as tenants. The company is also in talks with the Bureau of Immigration and Department of Foreign

Affairs to set up shop in the annex. “We’ll have a complete government center in the annex, and we’ll also have medical facilities there that will compete the service offerings,” Mr. Tan said. The Festive Walk Mall is the first lifestyle mall that Megaworld will be opening this year, bringing the company’s gross floor area to 690,000 square meters from 15 malls. This year, Megaworld is slated to open malls in Pasig City, Alabang, and Boracay Newcoast. “Not as big as Iloilo, but smaller formats… so we’ll end the year with 18.

We are on track to hit that 28 malls by 2020. We still have more townships being developed right now,” Mr. Tan said. The mall expansion is part of Megaworld’s efforts to generate P20 billion in recurring income by 2020, of which lifestyle malls will contribute 50%. Business process outsourcing firms will account for the other half. Megaworld’s net income attributable to the parent grew 11% to P9.98 billion in the first nine months of 2017, following a 5% increase in revenues to P35.4 billion for the period.

PLDT Inc. will spend more than PHP150 billion over the next three years to ramp up its deployment of fixed and mobile services in preparation for the entry of a third major player in the local telecommunications industry. In a statement, the telecommunications giant said this year's capital expenditure (capex) will exceed PHP50 billion and is expected to stay at that level for the next two years.

This will bring the company's total capex from 2016 to nearly PHP260 billion or USD5 billion. This is on top of the nearly PHP175 billion or USD 3.4 billion of capex that PLDT invested in network building from 2011 to 2015. "What this means is that for every PHP 1 of service revenue, we reinvest between PHP 0.30-0.35 in the business to super-charge our networks and advance

our digital transformation program. This is a massive effort to turn our networks into powerful, pervasive and resilient platforms for delivering relevant digital services and solutions that our people can use to improve their daily lives, as well as enable the country to compete and thrive in this digital age,” PLDT Chairman and Chief Executive Officer Manuel V. Pangilinan said. “Aside from building vital digital infrastructure, the PLDT Group is doing

its share of nation building through the payment of taxes. In 2011-2016, PLDT and its subsidiaries paid a total of P206.9 billion in various forms of taxes,” he added. PLDT wireless subsidiary, Smart Communications, will be rolling out aggressively more Long Term Evolution (LTE) and 3G base stations to provide high speed mobile broadband to over 90 percent of the country’s cities and municipalities by 2018.

Smart has likewise accelerated its deployment of LTE 4G as it has doubled the number of LTE base stations in 2017 to over 8,700 from the previous year and increased the number of cell sites equipped with LTE base stations by about 60 percent to over 4,300. To complement its LTE deployment, Smart also added more 3G base stations in 2017, raising the total to about 9,850. It also increased the number of cell sites equipped with

3G base stations to about 7,500. It will double the number of LTE base stations to about 17,700 and increase the number of LTE-equipped cell sites to over 6,800 for the next 12 to 18 months. The number of 3G base stations will rise to over 12,400, while the count of cell sites equipped with new 3G base stations will grow to over 8,000. Most of the new 4G and 3G base stations will be using pldt/PAGE 10

PLDT ramps up deployment of fixed and mobile services

4

Opinion

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|february 7, 2018

Digital change

HOTLINE Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

RUFINO T. MAGBANUA

Vice President for Business Development

Joe felicilda

Vice President for Administration

JOHN AARON M. DEL BANDO

Vice President for Events and Promotions

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

gilbert y. chao Motoring Editor

JUN AYENSA

Regional Editor - Caraga

Cris diaz ATTY. antonio s. soriano mike baños 2f, ICS Building BONG FABE Tel.No.: 881-0176 Uriel quilinguing Tiano cor. Montalvan sts. Contributing Editors Legal Counsel CLIFFORD SANTILLAN Layout Artist

ATTY. MARIO T. JUNI

ABEGAIL BAYNOSA Sandra encoY

Juni Law Office Cruz Taal St., CDO Legal Counsel

Cell No: 09352379999

Advertising

manila office: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 lani vallido-Marketing Manager

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2017-02942. Tel. Nos.: (088)856-3344, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

Member: Philippine Press Institute Oro Chamber

Who does he think he is? think a minute

jhan tiafau hurst Think a minute…Have you ever wondered what the big deal is about Easter and this man Jesus Christ? Who exactly was He? People who don’t even like Him still agree that Jesus Christ taught and lived the highest standard of love and morality the world has ever known. But what made Him so different from all the other religious teachers and prophets, so that the world’s calendar centers on this one man’s birth? Remember, Jesus said that He’s the One Who has the authority to forgive people’s wrongs and sins. Jesus said that He’s the One Who will judge every person in the world when they die. Jesus even claimed He’s the Lord over death and the Creator of all life. So Who does this man think He is? God? Exactly! And He proved it.

When He gave His innocent, perfect life for the wrongs of mankind, was buried for 3 days, and then came back to life! Only God Himself has the power to create life from death. So what about other prophets and teachers who came after Jesus with new revelations, teachings and books they claim are also from God? Jesus very strongly warned us that any person who adds another teaching or book to the Bible, Jesus said that man is a liar and His teaching or book of revelation is not true. Because nobody, not even a priest or prophet, can add anymore to the revelation, teaching, and truth of God Himself in the Bible. Jesus warned we should never believe or follow these false prophets and religions, even if they call themselves a Christian church or followers of Jesus Christ. You may be thinking: “Ok, if Jesus is God and the Only One Who can forgive all my wrongs, so what? What’s that to me?” Well, Jesus has everything to do with your life—both now and after you die. What we do with Jesus in our life now decides what He will do with us after we die. hurst/PAGE 10

Ruffy magbanua Because they change things. They push the human race forward. While some may see them as crazy ones, we see genius – Steve Jobs PRETTY soon, copies of Mindanao Daily, Business Week Mindanao will hit the streets with new, crisp look -- crystal clear clean pages, courtesy of the newly-

acquired state-of-the art CTP or Computer To Printer digital printing machine. The only one of its kind in the region so far, CTP is today’s answer to highend quality printing. This wonder machine is time and cost-efficient unlike the traditional and outdated negative process of printing. Digital change has indeed pierced into the very nerve of Mi n d an a o’s l e a d i ng newspaper. The new face of Mindanao Daily and the rest of its sister publications is in respond to the needs of how a printed newspaper with great journalistic tradition would appear as it were. It has to nail down a brand that is equal to none for excellence.

For its role in nationbuilding, Mindanao Daily Group of Publications has to adapt to the digital revolution now moving so fast in this age of high tech gadgets. The new twist in printing quality newspapers is aimed at engaging readers with contents designed not just for consumption, but for the fulfilling experience like no other. A redesign project of this magnitude is unprecedented in this era of change. It is not just mere changing fonts or layout, but for achieving reader-friendly publications. It required adjusting processes, IT infrastructure, rebridging story philosophy, skills upgrade of personnel and training to look at news differently as a multiplatform

be placated. R i g ht aw ay, a l l t he officials of Sanofi, Food and Drugs Administration, Department of Health, and other agencies of government like Malacanang and the De pa r t ment of Bud ge t which permitted t he use of Deng vaxia in the Philippines even if its safety and effectivity have not been confirmed yet, should be inoculated with it, too. For good measure, the officials’ children and their other family members should also be inoculated. This inoculation of the said officials, their children and their other relatives, should be done in front of television cameras, and in the presence of representatives from other media institutions like radio, newspapers, and magazines, under the close observation and supervision of doctors, lawmakers, and the parents of the victimized children. -ooo IF OFFICIALS WILL NOT HAVE THEMSELVES I NO C U L AT E D, T H E Y F U L LY K N E W OF

DENGVAXIA’S DANGERS: If they won’t allow themselves to b e v a c c i n at e d w it h Dengvaxia, it would be clear that they, too, don’t trust the vaccine. If they won’t agree to be inoculated by the vaccine, it would be clear that they are aware of its dangers, and that it is not really safe to use it. It would also clarify the motivation why, despite their awareness of the drug’s dangers, they still insisted on its being immediately purchased by the Noynoy Aquino government. Indeed, no one would now want to admit what truly prompted the Noynoy Aquino government then to release some P3.5 billion in government funds to purchase Deng va x ia, despite t he fac t t hat it was not part of that year’s General Appropriations Act (or the law that approved government expenditures at that time). But yes, not all Filipinos are stupid, and would not be able to deduce why, despite the lack of complete studies and experiments i n t h e Ph i l i p p i n e s t o

experience. Readers will soon get what constitutes a new regional newspaper. It is not just the design that has changed, but also the approach to storytelling, basically aligned to the needs of the changing digital landscape. Indeed, time has changed. Today’s newspapers, be it tabloid or broadsheet, uses the latest in digital technology and it seems there is no end in the innovation of things. To go digital means embracing change, and many don’t like change. But why are some people don’t like change? The answer to that maybe is the breaking away from the status quo, which is basically a hard thing to do. Digital transformation digital/PAGE 10

Dengvaxia solution: vaccinate those who permitted its use

Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “… `And the truth shall make you free’…” (Jesus, our God and Savior, in John 8:32, the Holy Bible). -ooo D E N G V A X I A SOLUTION: VACCINATE THOSE WHO PERMITTED ITS USE: In the face of the conf licting claims on the P3. 5 bi l l ion Deng va x ia vaccine scandal which, as of latest reports, was already recognized as the cause of the death of some children vaccinated with it, I believe there is only one way by which the great anger and agony of the hundreds of thousands of parents of children who were injected with it could

assure Dengvaxia’s safety and effective nature when administered to Filipino children, the government of Noynoy Aquino rushed into its purchase. Undeniably, only stupid citizens would not doubt that some great benefit was occasioned by the acquisition and use of Dengvaxia. -ooo PROBLEMS ON R E P. M A R C O L E T A’ S QUESTIONS: I can only agree with the desire of par t y list Rep. Roda nte M a rc ole t a to s e c u re a direct commitment from the Sanofi representative who appeared before the House of Representatives on Monday, February 05, 2018, to the effect that the company would still consider refunding the full amount that the government of the Philippines paid to it for Dengvaxia. Unfortunately, the truth was simply too glaring to miss, especially by a lawyer like Marcoleta: even if a mere ordinary person will be the one answering his questions, solution/PAGE 10

Turning distractions into enhancers hints and traces

roy cimagala Especially in our prayer that plays a crucial role in our life, we need to learn how to turn distractions into enhancers. We cannot deny that very often our prayer is hounded by all sorts of impertinent and stray thoughts that would practically annul the effectiveness of our intimate conversation with our Father God. Perhaps one immediate

thing we can do to address this problem is to make sure that we have a clear topic to take up in our prayer, together with relevant materials -bible, some spiritual book, novena and other devotional itemsplus a list of intentions to pray for. We should go to our prayer truly prepared and not with an empty head and heart with the vain hope that perhaps some inspiration will come our way. We have to realize more deeply that inspiration can come to us more readily if we are prepared for prayer. Of course, we have to understand that preparation for our prayer should be both remote and proximate. Remote in the sense that we are always referring things to God all throughout the day. Proximate preparation can mean stirring up the proper

dispositions just before our prayer time. Those should help us to have focus and concentration when we pray. Just the same, we also need to elicit in us the appropriate feelings, if not, passions. Prayer becomes more effective and focused, our connection with God better assured and locked, when prayer is truly felt, and not just lingering in the intellectual level. In fact, what would also help to a great extent is when we are physically fit as well, not tired and burned out. That’s simply because prayer requires not only spiritual strength but also physical stamina. If we feel physically weak, most likely we cannot go the distance, and we would easily be carried away by all kinds of distractions. Physical fitness would very

well support our mental and psycho-emotional faculties in our prayer. It facilitates the mobilization of these faculties. Since not all days are good and conducive to prayer due to our changing conditions, we need to realize that a certain discipline and forcefulness is necessary to have focus in prayer. We just have to be game in this respect. It’s not all the time that we would be euphoric and ecstatic in our prayer. There will be plenty of times when we will feel dry, but we just have to go on. This is actually true in all aspects of our life. And Christ somehow articulated this need when he said: “From the days of John the Baptist until now the kingdom of heaven has suffered violence, enhancers/PAGE 10

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|february 7, 2018

Banking&Finance

January ‘18 inflation rate at 4% expected, BSP says P HILIPPINES’ inflation rate hit 4 percent in January 2018, the upper end of the government’s 201719 target and the highest after the 4.3 percent in October 2014. This uptick, however, was expected, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla said, referring to the central bank’s 3.5 percent to 4 percent target for the month. Last month’s inflation rate is a big jump from the December 2017’s 3.3 percent and the 2.7 percent in January 2017. Excluding volatile food and oil, core inflation jumped to 3.9 percent from the previous month’s 3 percent. In a message to reporters, the central bank chief attributed the faster rate of price increases in the first month this year to a combination of

month’s 3.5 percent. Rate of price increases of alcoholic beverages and tobacco, in turn rose double digit to 12.3 percent from last December’s 6.4 percent. Faster inflation was also noted on other indices namely furnishing, household equipment and routine maintenance of the house; health; transport and restaurant and miscellaneous goods and services. Starting January 1 this year, the government implemented the first package of tax reform, which cut workers’ first PHP250,000 annual income a tax free rate, among others. To counter the effect of this on government revenues, excise taxes on fuel and sugar-sweetened beverages were hiked. Economic officials said the first tax reform package should not have

any immediate impact on the price of affected commodities since items covered by the tax reform were old inventories, thus, were not yet affected by the excise tax hike. Finance Secretary Carlos Dominguez III, in a message to reporters, said he has to “look at the figures closely” to check if the faster inflation rate last January was partly due to the implementation of the tax reform. “Unless, of course, merchants took advantage of the law and raised prices on old inventories,” he added. Monetary officials earlier said the impact of TRAIN on this year’s inflation rate was seen to be transitory, thus, their projection that inflation would average at 3.4 percent this year. For next year, inflation is seen to average at 3.2 percent. (PNA)

BIR mulls tax amnesty

Security Bank posts record P10.3B profit in 2017

THE Bureau of Internal Revenue (BIR) is considering including in its planned tax amnesty program those with pending tax evasion cases. During the hearing of the House of Representatives’ Ways and Means Committee Monday, BIR Assistant Commissioner Alfredo Misajon told lawmakers that the BIR was considering to allow individuals with pending tax evasion cases to avail of the condonation but they needed to explain why they erred in their duty to pay taxes. Misajon said the mere filing of the case was not enough to bar any taxpayer from availing of the condonation unless the court had already decided on the charges. In an interview after the hearing, Misajon said he had no idea how many individuals had pending tax evasion cases, citing that this information belonged to another department that was not under his jurisdiction. He, however, said that once these individuals availed of the planned tax amnesty, it was being considered to give them higher penalty than those who had not been found to have questionable tax payments. “Maybe it’s better that they are given special rates, higher rates, to distinguish them from the ordinary availers,” he said. Misajon, however, declined to give any

factors that include the first round effects of the first package of the Tax Reform for Acceleration and Inclusion (TRAIN) law, uptick of oil prices due to the same trend overseas and its impact on some food items. “We think these are temporary drivers of inflation and would eventually stabilize,” he noted. “Nevertheless, BSP will be closely monitoring the situation and stand ready to take timely action based on our evaluation of all relevant data,” he added. The Philippine Statistics Authority (PSA) on Tuesday reported that the faster inflation rate in the first month this year was due to increases in heavily-weighted food and non-alcoholic beverages, which registered a 4.5 percent rate this year against the previous

figures or possible rates. “Well, it’s really up to our congressmen. We at the BIR only implement it,” he said. He said the amount they hope to collect from the planned amnesty program was substantial but he declined to give any figure, pointing out that “these are all preliminary figures that need to be proven in court.” He said the number of possible tax evaders would not reach a thousand. “We act on certain information that comes to our office, either walk-in information or those gathered through an exchange of information among government offices,” he explained. He also did not identify a timetable for those who would be covered by the amnesty. “We prosecute them based on the taxable year, when the discrepancy was discovered,” he said. The Department of Finance (DOF) targets to collect about PHP26billion from the planned tax amnesty program. The last time the government implemented tax amnesty is in 2008 and it collected about PHP13 billion from that program, which is being considered by the current administration to fund its infrastructure projects. The Duterte administration has set an infrastructure program amounting to at least PHP8 trillion until 2022. It eyes to increase infrastructure spending

to about seven percent of GDP from the current five percent in a bid to ensure that necessary infrastructure facilities are constructed. The planned tax amnesty is under the proposed Package 1-b of the DOF-proposed tax reform program. House of Representatives Ways and Means Committee Chair Dakila Carlo Cua, of the Lone District of Quirino, told reporters after the hearing that he was hopeful that the tax amnesty measure would be approved under the proposed Package 1-b. He eyes the completion of the committee report on the measure to be approved “early March possibly.” Under his proposed measure, amnesty rate will be based on eight percent of the taxpayers’ network but stressed that this will still depend on the lawmakers. He added the lawmakers were considering the proposal of the BIR and the National Tax Research Center (NTRC), which had suggested that the rate should be based on taxpayers’ total assets. “I can’t see how it can be a better system than the networth as of today. We need to study it,” he said. The lawmaker said careful study of the measure was needed because “it’s a risk and reward issue that we have to decide.” (PNA)

LISTED Security Bank Corporation (SBC) chalked up a record-high net income of P10.3 billion in 2017, driven by double-digit growth in net interest and non-interest income. The bank’s profit grew 20 percent in 2017 from P8.55 billion in 2016. SBC told the local bourse on Monday its net interest income grew by 22 percent to PP19.4 billion, while non-interest income increased by 15 percent to P5.7 billion. Trading gains surged 36 percent to P2.4 billion, while service charges, fees, and commission income rose slightly by 3 percent. SBC's total revenues increased 20 percent to P25.1 billion. For the fourth quarter of 2017, the bank's net income rose 49 percent year-on-year to PHP2.9 billion, driven by a 16-percent growth in net interest income to P5 billion and gain on sale of securities of P1.3 billion. Loans increased 28 percent to P369 billion. Wholesale loans grew 25 percent, where corporate loan growth was 25 percent, while middle market loan growth increased by 24 percent. Consumer loans, accounting for 16 percent of total loans, continued with its upward trajectory, growing 49 percent. Deposit grew 19 percent, with low-cost deposits growing 18 percent. (PNA)

5 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

6

Environment

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|february 7, 2018

DENR takes World Wetlands Day 2018 celebration to Tullahan River To mark the celebration of World Wetlands Day (WWD) on February 2, the Department of Environment and Natural Resources (DENR) will reach out to communities near the Tullahan River to raise awareness of the value of preserving wetlands and their importance to ecosystems. The DENR, through its Biodiversity Management Bureau (BMB), will take the WWD’s local celebration to two Quezon City barangays – Sta. Lucia and San Bartolome – where the agency will conduct an educational outreach activity

consistent with the theme, “Wetlands for Sustainable Urban Future – Making Urban Cities Livable.” DENR Secretary Roy A. Cimatu said the focus of this year’s celebration will be on enhancing the knowledge of communities about the conservation and preservation of wetlands and bodies of water situated in urban areas, and the Tullahan River is a fitting venue for the WWD event. “We at the DENR are reaching out to the two barangays near the Tullahan River because of its relevance on their livelihood,” Cimatu

said. “As one of the most polluted waterways in Metro Manila, the river deserves no less than to have reduced pollution for the benefit of the residents within the area.” A wetland is defined as land area that is saturated with water, either permanently or seasonally, and such that it takes on the characteristics of a distinct ecosystem. It also constitutes rivers and its tributaries, especially in urban areas such as Quezon City. The holding of educational outreach activity was proposed to tullahan/PAGE 10

Laguna Lake cleanup is Cimatu’s next target After Manila Bay, Environment Secretary Roy A. Cimatu is looking at Laguna Lake as his next target in the list of important water bodies that require immediate attention. “I intend to clean up the Laguna Lake. That’s my goal,” Cimatu told environment officials in Region 4-A or the Cavite, Laguna, Batangas, Rizal and Quezon or CALABARZON. In order to achieve his goal, Cimatu said he would need the commitment and cooperation of DENR field officials, particularly the Provincial Environment and Natural Resources Officers (PENROs) and Community Environment and Natural Resources Officers (CENROs) in the provinces of Laguna and Rizal. “I cannot clean it by myself. I have to rely on the Regional Director and the PENROs and CENROs,” Cimatu said. “The success or failure of cleaning Laguna Lake and the rivers surrounding it relies on you,” he told field officers during his visit to the DENRCALABARZON last Jan. 26.

Cimatu had earlier said he was ready to take on the challenge of leading government efforts to clean up and rehabilitate Manila Bay as ordered by the Supreme Court in 2008. He also pledged stricter law enforcement to punish those who pollute the historic bay known for having one of the most beautiful sunsets in the world. Laguna Lake, the largest freshwater lake in the Philippines and third in Southeast Asia, is located east of Metro Manila between the provinces of Laguna to the south and Rizal to the north. It drains through Pasig River to Manila Bay. According to Cimatu, one of the reasons why Manila Bay is currently in a filthy state is the negligence on the part of the DENR to ensure the cleanliness of Laguna Lake as mandated by the Clean Water Act. “Pinabayaan nating maging madumi ang Laguna Lake,” Cimatu lamented. Cimatu said he would rely on the leadership, performance,

initiative and dedication of the field officials in fulfilling his goal for the Laguna Lake. The former Armed Forces chief said he was looking at the PENROs and CENROs as his “frontliners” in the battle for the future of Laguna Lake and the environment in general. “It will not matter how good the commander or general is if his forward forces are not good themselves. You need to rely on your frontline,” he said. Cimatu said the DENR field officials should expect him to visit them from time to time to monitor their actions. When he assumed office in May last year, Cimatu vowed to prioritize environmental protection through full implementation of existing laws on clean air, clean water and solid waste management. Cimatu has been going around the country to promote better water quality standards in major waterways. He had ordered the cleanup and rehabilitation of critical water bodies, including the coastlines of the world-famous Boracay Island.

Information technology practitioners, both professionals and students alike, converge for the Quantum Information Technology Convention held over the weekend at Pearlmont in Cagayan de Oro City. photo by mark francisco

BusinessWeek mOTORING

MINDANAO CREDIBLE

RELIABLE

Editor: GILBERT Y. CHAO

IN-DEPTH

Wednesday | February 7, 2018

7

Honda Achieves its Best Automobile Sales Record in the Asia & Oceania Region in 2017

Asian Honda Motor Co., Ltd., the regional headquarters of Honda in the Asia & Oceania (A&O) region, announced that Honda achieved its bestever automobile sales in 2017 in the A&O region with retail sales reaching 793,636 units, a 12% increase from 2016 sales volume of 707,951 units. Honda also set all-time annual sales records in five countries, which are Malaysia, the Philippines, Vietnam, Taiwan, and Pakistan. For sales by model, the all-new Civic enjoyed a twofold increase in sales compared to 2016 while the City, catering to the A&O’s regional needs, contributed to the total sales increase as the highest-selling model. Honda in India sold 179,451 units last year, accounting for 23% of total sales in the region, with sales increasing 9% from the previous year. Honda City, which celebrated its 20th anniversary since first being launched, was the main contributor to sales, while the second-best-selling WR-V, a new Sporty Lifestyle Vehicle launched in 2017, also contributed to the increase. The main contributor to Asia & Oceania’s regional sales was Honda in Indonesia, where retail sales reached approximately 180,971 units, accounting for 23% of Honda’s overall 2017 A&O sales. The Honda Brio was the top-selling model with growth of 34% from the previous year, followed by the Honda HR-V and Honda Mobilio. Honda in Thailand achieved sales of 127,768 units, an increase of 19% from 2016, boosted by strong sales of the Honda City, Civic, and Jazz models. The recently launched CR-V achieved extraordinary growth of 222% compared with sales in 2016. Honda maintained its number one position in the Thai passenger car segment# for the third year in a row, while Thailand ranked third in Honda’s regional sales. Honda in Malaysia recorded new all-time sales of 109,511 units, the first time ever that Honda achieved sales of more than 100,000 units in the country. This outstanding achievement was the result of strong sales of the City, HRV, and the newly-introduced BR-V model. The all-new

Civic sedan recorded an impressive 36% increase over 2016 sales. Honda achieved the number one position in the non-national segment for the third year in a row and the number two position in the overall Malaysian market, including national cars, for the second year in a row. Another country in which Honda achieved impressive performance was Pakistan. The company recorded record sales of 47,424 units sold, a 49% increase from the previous year. The all-new Honda Civic sedan contributed to sales growth as the most popular model, achieving an 88% increase over the previous year. Honda also recorded its highest all-time sales results in Taiwan, the Philippines, and Vietnam, with outstanding sales growth for newly-introduced models as well as existing models in the line-up. In Taiwan, Honda reached its best-ever sales result with 33,978 units sold, a 25% increase compared to 2016. The all-new HR-V was the biggest contributor to this achievement, with over 400% growth from the previous year. Honda in the Philippines set an all-time sales record with 31,758 units sold, a 37% increase over 2016. The BR-V achieved phenomenal growth with a 900% increase in sales from the previous year. Honda in Vietnam recorded sales of 12,358 units, a 10% increase, in large part due to the all-new Civic sedan, which achieved tremendous growth of over 700% from the previous year. The City, a popular model in the Asia & Oceania region, made the greatest contribution to 2017’s regional sales, accounting for 21% of total sales with 169,124 units sold. Global models HR-V and Jazz were also very well received across the region, with strong sales of 102,182 and 99,534 units respectively. In terms of the growth ratio from the preceding year, the all-new Civic recorded the highest jump in sales in the region with impressive growth of 51%, followed by the all-new CR-V, which achieved an increase of 43%. Honda will continue providing customers in the Asia & Oceania region with attractive, high-quality products to maintain 2017’s strong sales momentum into 2018.

Nissan unveils of 5 new vehicle variants during thanksgiving celebration Nissan celebrated its achievements in 2017 and presented new and exciting models and groundbreaking innovations for 2018 in its yearly Thanksgiving celebration. Themed “Change the Game,” the event solidified the brand as a main player in the competitive and ever-changing motoring industry. “2017 was a recordbreaking year for Nissan,” shared Ramesh Narasimhan, Nissan Philippines, Inc. President and Managing Director. “Not only were we able to launch new models in competitive segments, but we were also able to expand our foothold across the country and achieve our largest sales record of 25,000 vehicles growing by 48% versus the previous

year. These inspire us to set the bar higher and change the game this 2018, starting with new vehicles that will surely shake up the industry.” “On top of the efforts of our hardworking team at Nissan, our friends from media have been integral part in our success last year. They are our co-writers in the Nissan success story,” said Ramesh. “We hope that this Thanksgiving celebration and launch event can inspire everyone to change their game for the better and aim for bigger goals this 2018.” To prove that they are gunning for greater heights this year, Nissan launched four new and improved Nissan vehicles in one night: the Nissan Urvan Premium S, developed in collaboration with dealer partners, comes equipped

with a Dealer Option luxury kit including 4 captain seats with leather appointments, overhead compartments and entertainment system. The new Urvan Premium S will surely provide driving and riding comfort for families; Nissan Juke N Style, now on its 3rd installment, possesses an eye-catching and trendy red and white color combination reminiscent of the iconic NISMO colors to make it stand out even more; Nissan Patrol Royale 7 A/T, reinforcing its title as the King of the Off- Road with its upgraded engine producing an impressive 400ps power and 560Nm of torque, coupled with a new 7-speed automatic transmission. And finally, another exciting and refreshed model that Nissan will be announcing

soon. After unveiling four nameplates, Nissan surprised everyone with the Philippine debut of the NISMO brand starting with GT-R NISMO, the pinnacle of highperformance in the NISMO line up. NISMO is Nissan’s legendary motorsport and performance group which was established in 1984 that promises to redefine the pleasure of driving a Nissan car, and mixing it with a perfect balance of motorsport innovations, power, and excitement in every drive. Hiroshi Tamura, GTR Chief Product Specialist, graced the evening with his explanation of the GTR NISMO philosophy, motorsport inspired features, starting with body construction, carefully handcrafted light-weight materials, and its powerful engine and performance enhancements, engineered to give an exhilarating experience on the road and on the track. “Nissan is excited to let the Philippine market experience the result of NISMO’s longstanding expertise in motorsports and ultra-high performance cars. We are starting with the GT-R NISMO and customers can surely expect other nameplates under the Nismo line up in the future.” Narasimhan closed.

8

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|february 7, 2018

BusinessWeek Feature

MINDANAO CREDIBLE

RELIABLE

www.businessweekmindanao.com

IN-DEPTH

Wednesday | February 7, 2018

9

Cagayan After Dark

Massimo Folliero: Romantic Impressions M By The Night Stalker

assimo Folliero, a concert pianist from Milan, Italy and Piano Professor of Braga Conservatory of Music, performs a timely prelude to Valentine’s Day in a recital dubbed Romantic Impressions on Saturday, February 10, 2018, 4:00 PM at the Rodelsa Hall at the Liceo de Cagayan University in Cagayan de Oro City,. Born in Novara, Italy, Folliero will perform Romantic and Impressionistic music including Claude Debussy Images Book 1 L110, Sergei Rachmaninoff ’s Preludes Op. 23, No. 4 in D minor, No. 5 in G minor, and No. 7 in C minor, and Frédéric Chopin’s Scherzo No. 1 in B minor, Op. 20, Scherzo No. 2 in B-flat minor, Op. 31, and Scherzo No. 3 in C-sharp minor, Op. 39 with George Gershwin’s Rhapsody in Blue as the pièce de résistance Rudolf P. Golez, Dean of Liceo de Cagayan University’s College of

Music, describes the programme is a nice blend of Gershwin and Rachmaninoff. “The famous Rhapsody in Blue will end the concert, while three complicated works of Chopin namely, the Fantasie and 2 Scherzo will begin it. This is good since the audience will still be fresh. The middle items are lighter pieces by Rachmaninoff and Debussy, namely a selection of Preludes and a piece from Image.” Rudolf met Max on the internet when he inquired about the school’s Conservatory of Music

and Dance headed by Prof. Horst Hans Baecker. “He loves to share his talents to ‘exotic’ places,” said Golez, a piano prodigy in his own right. “Actually he is on a trip courtesy of the Italian Government so we invited him to share his music with the students of the conservatory and musicloving Kagay-anons while he was in the Philippines.” Aside from the recital, Folliero will also conduct a piano master class at Rodelsa Hall in the morning of the same date. Prior to Cagayan de Oro, he will also perform at Cebu City on February 8. The program starts 7PM at the 2nd floor of the Marcelo B. Fernan Cebu Press Building at the DepEd Compound, Sudlon, Lahug. Tickets for the concert and registration for the master class are priced at P500 each. Contact (088) 858-0493 or (0955) 1674996 for more details. Here’s a sampling of Max Folliero’s music

during a Piano Concert at Bangalore Conservatory here. About the artist: Massimo Folliero was born in Novara (Italy) in 1973. Later, he attended classes and obtained a Masters Degree in Piano at the “G. Cantelli” Conservatory of Music with Professor Giuseppina Giarmaná. Thereafter he attended several music seminars and master classes in Italy and abroad presented by renowned pianists like M° Tiziano Poli with whom he examined and developed the importance of technical skills as a service to music expression; the well-known pianist and tutor M° Antonio Ballista with whom he studied topics about 1900 music; and M° Alessandro Drago having attended his master classes about the Phenomenology of Music. He continued improving his piano music skills by attending highly specialized master classes with prominent musicians

like Walter Bozzia, Riccardo Zadra, Federica Righini, Stefano Mancuso, Mamiko Suda (Japan) and mostly with the world renowned pianist

M° Aquiles Delle Vigne (Argentina). As a soloist and chamber musician Folliero gave recitals in several key folliero/PAGE 10

Cagayan After Dark

Bavarian artist visits Liceo Music Conservatory By The Night Stalker

Michael Fiedler, Bavarian Folk Music Artist

The Liceo Conservatory of Music and Dance hosted Mr. Michael Fiedler of Bavaria, Germany for a demonstration of Bavarian folk music played with the accordion and Alphorn last January 22, 2018 at the AVR-1 of Liceo de Cagayan University. Through a mutual friend, Liceo Music Conservatory Prof. Horst Hans Baecker invited Mr. Fiedler to a demonstration with students of the conservatory and the visitor and his wife Katharina, who were enjoying a vacation in the city from the freezing Bavarian winter, graciously accepted. Known as Michi to his friends, Mr. Fiedler learned to play the accordion at the age of seven, and at 10 yrs. of age the French Horn (also known as the S-Horn). At that early age, he

joined a brass band at his hometown of Penzberg, Bavaria. Through the years, Michi learned to play various brass instruments from the baryton to the euphonium, trombone, bass tuba and trumpet. At the same time, he was also the band’s presenter and singer. He joined seven brass and dance bands in his various gigs from El Paso, Texas in the USA, to the Steubenparade in New York, went south to Brazil, then back to Europe for gigs in Langon, France and Prague.Czech Republic). By the time he was 16, Michi was already playing professionally as a member of the KöniglichBayrischen Musikanten, which had three No. 1 radio hits in Germany, and went on country-wide tour with the band. In 1984, Michi was

with a fellow musician at the Alphorn Summit of Alphorn groups in the Allgäu near Neuschwanstein Castle. They became so excited with the alphorn that they immediately bought one and Michi founded the group Penzberger Alphorn quartet. By the end of 1999, Michi has gained enough proficiency with the Alphorn that he joined the professional group Tegernsee Alphorn with whom he traveled all over Germany for numerous gigs, including stints in television. However, near the end of 2015, Mich became seriously ill that he had to stop performing altogether to regain his health. Fortunately, by 2016 he had sufficiently recovered that he started playing the trumpet again by February, and some time later, the alphorn and the accordion. Late in 2017, he and

his wife were invited by their neighbors Richard and Arlene Bleicher for a vacation in Cagayan de Oro where the winter weather would be better for his health. Fortunately, the Fiedler couple agreed only on the condition that they bring Michi’s alphorn and accordion, to which their hosts readily agreed. A highlight of their visit was their performance for the Liceo Conservatory of Music and Dance last January 22 with the conservatory students at the AVR-1 of the university. Michi started with his accordion, playing the Bavarian folk songs 'Weltenbummler' and 'Schneewalzer', followed by another two folks songs 'Erinnerungen' and 'Auf der Alm' on the alphorn to the delight of his select audience led by Prof. Baecker and Violin Teacher Tullio Vidmar of bavarian/PAGE 10

10 Folliero... from page 9

venues in Italy and abroad like the Teatro Civico in Varallo Sesia (Italy), Muza Kawasaki Auditorium in Tokyo (Japan); the Appel Farm Arts and Music Center Theater in Elmer (New Jersey, United States); the Kapelzaal of Volksuniversiteit in Leiden (Holland); the Heritage Chapel of the Music Centre in Christchurch (New Zealand); the Salon de Actos of Madrid Ateneo (Spain); at the Italian Institute of Culture and for the European Week of Culture celebrations in Ljubljana (Slovenija), Copenhagen (Denmark), Koln (Germany), Bruxelles (Belgium) and Amsterdam (Holland); at the Coenen Palais in Koblenz and Ribbeck Castle for the Havelland Musikfestspiele (Germany); at the Alliance Francaise Auditorium and Assumption International Universit y in B ang kok (Thailand); at the Leela Auditorium in Bangalore (India); at the James Tatoulis Auditorium in Melbourne and St. Augustine Church of Adelaide (Australia); for the Encore Music Society in Vancouver (Canada); for the Classical Music Society of Kuala Lumpur (Malaysia); for the Brunei Music Society (Brunei); and at the Nanyang Technological University of Singapore (Singapore). In December 2009, during his first tour of Asia, Folliero was received with great enthusiasm by the Indian people and the press alike (“Pianist Extraordinaire” – BANGALORE MIRROR). His performance of the Mozart Piano Concerto K414 with the William Joseph Symphony Orchestra was aired by the Indian National Television. EXTRA-JUDICIALPARTITION AMONG HEIRS Notice is hereby given that the intestate estate of late RICARDO A. CLAVEJO and JESUSA CLAVEJO, who both died on March 21, 2001 and July 10, 2012, respectively, at San Antonio, Talakag, Bukidnon; WHEREAS, the deceased at the time of their death left a parcel of land; A PARCEL OF LAND (lot 1125, Cad. 630-D, Psd-10-073528, situated in the San Antonio, Talakag, Bukidnon, island of Mindanao. Containing an area of 86,233 square meters, covered under OCT No. P-46348. RICARDO A. CLAVEJO and JESUSA CLAVEJO, is the subject of EXTRA-JUDICIAL PARTITION AMONG HEIRS; is made and entered; RAUL A. CLAVEJO, married, resident of Kauswagan, Cagayan de oro city; ARTURO A. CLAVEJO, married, resident of Impasugong, Bukidnon; JOCELYN CLAVEJO-MARFIL, married, resident of Purok 2, Barangay 9, Malaybalay City, Bukidnon; Heirs of the late ROLANDO A. CLAVEJO, represented by his wife, ELEZERA O. CLAVEJO, widow, resident of Malaybalay City, Bukidnon; and the Heirs of THELMA CLAVEJO-NOBLE represented by her daughter, NALIZA NOBLE DELFIN,maried, resident of Bayabas, Cagayan de oro City; all of legal ages, Filipinos, herein referred to as the HEIRS. Under Notary Public of ATTY. GIL U. BANAAG; Doc. No. 171; Page No. 35; Book No. 184; Series of 2018. BWM: January 31, Feb. 7 & 14, 2018

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|february 7, 2018

In Au g u s t 2 0 1 1 h e performed with great success the Rachmaninov 2nd Piano Concerto Op. 18 on his visit to Australia with Whitehorse Symphony Orchestra in Melbourne and Unley Symphony Orchestra in Adelaide. The German reviews have written about him: “…terrific technical skills in the service of musical ideas…” – “…you can feel his great temperament…” (STIMME.de). In March 2004 Folliero established Camena Music Association and since 2005, as an Artistic Director, he has been organizing an annual International Piano Festival, now in its 9th year, at the historical venue of the Galliate Visconteo-Sforzesco Castle (Novara, Italy). This festival is dedicated to a variety of performances by young and famous pianists from all over the world, and involves all the towns and big cities around it always with huge success. As Piano Professor he has been teaching in several schools as well as presenting master classes in Europe (Spain and Russia), Asia (Chinese University of Hong Kong and several Music Schools in Thailand, Malaysia and Japan) and Australia. In 2009 he was chosen as Honorary Member on the panel of judges for the 9th International Piano Competition Ciudad de El Ejido (Spain) where he also presented a master class to students who participated. Future solo, chamber music and orchestral performances are going to be held in Italy, Germany, Belgium, Spain, Scotland, England, Denmark, Australia, Russia, a Canada/USA tour as well as a new Asia tour with scheduled concerts in Brunei, India, Malaysia, Singapore, Thailand and Hong Kong.

Bavarian... from page 9

Trieste, Italy. Then, it was the turn of the conservatory students to surprise him with their rendition of the Bavarian folk song 'Klarinetten-Muckl' under the baton of Prof. Baecker, with Mr. Vidmar on violin and student Joel Matematico Jr. on the solo clarinet accompanied by students on the keyboards, violins, and flutes. Michi was so delighted with the performance that he insisted on playing the same song with them again, this time with him on the accordion, to everyone’s delight. After the performance, the conservatory students had fun attempting to play the alphorn with some success, and Michi then played a tune on his alphorn with his instrument directed to the university campus to share the quaint sound of the Bavarian Alps with the students then present. "My impression was that both Michi and our students really enjoyed the time together," said Prof. Baecker. "The students still talk about newly gained impressions

about Bavarian folk music and the unusual instruments accordion and alphorn." "Michi was init i a l ly surprised that the students were so reserved, very shy. In the end, however, the meeting was very cordial and all students were very curious to try out the instruments and to enter into dialogue with Michi. It was a special honor for Michi and he is very happy to have many new musical friends," he added. For the many who had not heard or seen one, the alphorn, also called the alpenhorn or alpine horn is a labrophone, consisting of a wooden natural horn of conical bore, having a wooden cup-shaped mouthpiece, used by mountain dwellers in the Swiss Alps, Austrian Alps, Bavarian Alps in Germany, French Alps, and elsewhere. Similar wooden horns were used for communication in most mountainous regions of Europe, from the Alps to the Carpathians. The alphorn is carved from solid softwood, generally spruce but sometimes pine. In former times the alphorn maker would find a tree bent at the base in the shape of an alphorn, but modern makers piece the wood together at the base. A cupshaped mouthpiece carved out of a block of hard wood is added and the instrument is complete. The alphorn has no lateral openings and therefore gives the pure natural harmonic series of the open pipe. The notes of the natural harmonic series overlap, but do not exactly correspond, to notes found in the familiar chromatic scale in standard Western equal temperament. Most prominently within the alphorn's range, the 7th and 11th harmonics are particularly noticeable, because they fall between a d j a c e nt n o t e s i n t h e c h r o m at i c s c a l e . ( f r o m Wikipedia) (photos courtesy of Mike Baños, NPN)

Tax...

from page 2

has also assessed more than P3.4 billion total value of lands, buildings and machineries since November 2017. In the said meeting, del Bando also said that the city government’s revenue increased from the collectibles on certified true copies of tax declarations, transfer fees and other certifications. Based on the revenue report of CAD from January to November 2017, the city has earned P42.9 million, which makes a P16 million difference from the collections made on 2016 that amounted to P26.6 million.(IAF/RTP/ PIA10)

App... from page 2

with regards to the pranks meron po tayo (we have) administrators and it still an ongoing test for us also,” said Paul Domag, project manager. The app serves as host to an extensive Resources Library including directories of all

the Philippine Embassies, Consulates, OWWA, POLO offices, maps, FAQs and access to dozens of programs and mini-websites including currency, converters, language translators, language lessons, tips and more. DOLE Undersecretary Joel Maglungsod said that after Davao, the OFW mobile app will be launched in the Middle East where there are many distressed OFWs. He said the common problems of OFWs in the Middle East are repatriation and abuse. (Maya M. Padillo/ PNA)

PLDT... from page 3

frequencies acquired from San Miguel Corporation. It will also more than double the number of Inbuilding solution (IBS) installations to over 200 new structures. This roll-out will further increase the number of cell sites equipped with LTE on multiple frequencies, thus enabling Smart to deploy LTE-A with carrier aggregation in more areas of the country. This will significantly b o o s t Int e r n e t s p e e d s enabling the mobile phone customers of Smart, Sun and TNT to enjoy better bandwidth-heavy and lowlatency digital services like video and online games. For its fixed line business, PLDT will double its fiber and hybrid fiber broadband capacity to over 2.2 million ports. About 650,000 of the additional ports will be for fiber while another 550,000 will be for hybrid fiber broadband. At the same time, PLDT will further expand its fixed broadband coverage by about 30 percent to 5.1 million homes passed, thus extending its reach to more areas of the country. It is anticipated that within the next five-year cycle of network development (2021-2025), PLDT could have as many as 10 million homes passed with fiber-tothe-home (FTTH). “The net result is that within the next 12-18 months world-class internet services on PLDT’s super-charged fixed and mobile networks will be available to many more Filipinos in many more parts of the country,” Pangilinan said. (PNA)

Digital... from page 4

is harder than we think, but it can be done. Where ever we go today, we see people, using digital innovations. D i g it a l h a s a l re a d y transformed from the dial-up days to instant communication these days over Facebook, tweets and text messages. Ne w s p ap e r l i ke t h e CAGAYAN DE ORO MAIN Mindanao Daily andBRANCH its sister P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., publications has to evolve to Tel. # (08822) 727-829 * # (088) 856-1947 attune Telefax itself to the changing CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, of the times. Camiguin Tel. # (088) 387-0491 Because, asBRANCH Steve Jobs CORRALES Corrales Ave., Cagayan de Oro City has said,DIVISORIA the people who are BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. crazy enough todethink Velez St., Cagayan Oro City they Tel. # (088) 857-3631 can change the world are the LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City ones who do. Tel. # (088) 231-6739 CARMEN BRANCH (ruffy44_ph2000@yahoo. Vamenta Blvd., Cagayan de Oro City com) Tel. # (088) 231-2011

Hurst... from page 4

You must decide for yourself 1 of 3 choices who Jesus Christ really is: He’s either a liar, a lunatic, or the Lord of the world, just who He said and proved He is. Jesus said and showed that He’s God Himself, the Creator of all life, and Lord over death. That means He’s your and my Judge Who’s the only One Who can forgive and save you from suffering in hell, away from Him forever. So if you understand that Jesus is God your Maker, just as He said and proved He is, then the smart choice is to obey everything He commanded and live His way every day of your life. His way’s the only way you can live the true, satisfying life He created you to enjoy— now and forever. Just Think a Minute…

Solution...

from page 4 he or she wou ld not be giving the answers Marcoleta wanted to hear. First, if the Sanofi representative agreed that his company will still consider a refund what was paid to them, that could amount to an admission of a defect in their vaccine--something that is now being denied by them tooth and nail. Second, even if we assume that the representative gave a commitment for Sanofi to refund, it cannot still be used against the company, because the decision to return billions of pesos rests not with him, but with Sanofi’s board of directors. This caused many of those who listened to the House hearings on Monday that Marcoleta merely wasted too much time in asking questions the answers to which he already knew. -ooo FOR QU E STIONS, R EACTIONS: If anyone would like to ask me any question about what the burning issues of the day mea n, or what we have discussed here, or to consult on any problem, whatever it maybe, please call 0917 984 24 68, or email me at batasmauricio@ ya hoo. com, or post your concerns at w w w. f a c e b o ok .c om / attybatas. Promise, I will answer right away. Thank God in the Name of Jesus, Amen!

Enhancers...

from page 4 and men of violence take it by force.” (Mt 11,12) At the same time, we have to be always humble in our prayer in the sense

that we should always realize that the effectiveness of our prayer can only come from God himself. We have to humble ourselves to always ask for his grace even as we apply force and discipline on ourselves. If in the end, in spite of all our efforts, distractions would still hound us, it may be because God wants us to use those distractions as the very material for our prayer. Before God, we can actually bring up anything as long as we are aware that we conversing with God. The distractions can actually shed light on things that we need to know. They can point to some important things that we tend to take for granted. The important thing is that we are praying. roycimagala@gmail.com

Tullahan... from page 6

the DENR by the Quezon City Environmental Protection and Waste Management Division and was coordinated by the BMB together with the DENR- National Capital Regional Office. Representatives from the Society for Conservation of Philippine Wetlands w i l l d is c uss t he s e ve n environmental principles, the BMB on the importance of urban wetlands, and the Mother Earth Foundation on zero-waste management during the learning activities to be held at the barangay halls of Sta. Lucia and San Bartolome. There will also be video presentations and group activities aimed at raising awareness on the importance of wetlands. At the end of the day-long event, the participants are expected to declare their commitment to protecting and conserving Tullahan River. The Tullahan River is a part of the MalabonNavotas-Tullahan-Tinajeros (MANATUTI) river system that spans 36.4 kilometers, from La Mesa Water Reservoir in Fairview, Quezon City, all the way to the mouth of Manila Bay at Centennial Park in Navotas City. WWD is celebrated every February 2, marking the date of adoption of the Ramsar Convention on Wetlands in 1971. The convention was named after the city of Ramsar in Iran, where it was adopted. E st ablishe d to rais e awareness about the value of wetlands for humanity and the planet, WWD was first celebrated in 1997 and has grown remarkably since then. In 2016, WWD was celebrated in at least 59 countries.

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

11

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|february 7, 2018

Shipyard... from page 1

PCCI helped brokered. Phividec Industrial Authority manages the 3,000-hectare wide Phividec Industrial Estate in Misamis Oriental, home to dozens of multinational companies enjoying the privileges of an economic zone. Encompassing the two municipalities of Tagoloan and Villanueva, Phividec stands for the Philippine Ve t e r a n s I n v e s t m e n t Development Corporation, a government owned and cont rol le d cor p orat i on (GOCC) created in 1974 aimed at harnessing funds for retired soldiers. In a separate remark, Mayor Oscar Moreno said Ansteel’s decision to put up a total of three plants in Phividec bodes well both for the company and Northern Mindanao. “Number one, Phividec is a strategic location. The charter of Phividec was created in such manner that it attracts huge multinational investors through the longterm. Number two, Phividec hosts its own international container port that caters to the needs of its clients. Phividec is definitely a crown jewel for us here in Northern Mindanao,” Moreno said. Last year, Gov. Yevgeny Vincente Emano said that the entry of Ansteel here will create 50,000 jobs. A n s t e e l i s a m aj o r manufacturer of shipbuilding p l at e s , bu l b s t e e l a n d imperative steel products. According to its international website, it has the capacity to produce four million tons of ship hull and ocean engineering steel per year. Tw o o t h e r C h i n e s e steelmaking firms – Huili Investment Fund Management Co., Ltd. And Yi Ding Tai International Corp. – also expressed interest earlier to put up plants in the country.

Extension... from page 1

Voting 10-5, the SC dismissed the four petitions filed by congressmen led by Albay Rep. Edcel Lagman et al; another group led by Bayan Muna Rep. Carlos Zarate and Anakpawis Rep. Ariel Casilao, et al; former Commission on Human Rights chair Etta Rosales; and a group led by Christian Monsod, one of the framers of the Constitution seeking to declare the martial law extension in Mindanao as unconstitutional. “The Court finds sufficient factual basis for the issuance of Resolution of Both Houses No. 4 and declares it as constitutional. Accordingly, the consolidated Petitions are hereby dismissed,” Te said during the press briefing. The ruling was penned by Associate Justice Noel Tijam while nine other magistrates concurred, namely Associate Justices Presbitero J. Velasco Jr., Teresita J. Leonardo-De Castro, Diosdado M. Peralta, Lucas P. Bersamin, Mariano C. Del Castillo, Estela M. Perlas Bernabe, Samuel R.

Martires, Andres B. Reyes Jr., and Alexander G. Gesmundo. C h i e f Ju st i c e Mar i a Lourdes Sereno, Senior Associate Justice Antonio Carpio and Associate Justices Mar vic Leonen, Francis Ja rd e l e z a a n d A l f re d o Benjamin Caguioa dissented from the ruling. The Court pointed out that Congress had discretionary authority to formulate, adopt and promulgate its own rules. “Each House of Congress h a s f u l l d i s c re t i o n a r y authority to formulate, adopt and promulgate its own rules; the exercise of this power is generally exempt from judicial supervision and interference,” read the summary of the SC ruling penned by Tijam. It a ls o re j e c te d t he argument of petitioners that the extension should have only been limited to 60 days, saying the Constitution did not fix a period of duration for such extension and was also actually silent as to how many times the Congress could extend martial law declaration by the President. Even the alleged undue haste in granting the request for extension, according to the Court, cannot be a ground to nullify the extension However, the SC noted that it can only intervene when there is a clear showing of such arbitrary and improvident use of the power such as would constitute a “denial of due process.” The Court explained that it can only step in once there is clear showing of arbitrary and improvident use of such power by Congress under Article VII, Section 18 of the 1987 Constitution, which it said is lacking in this case. It a ls o re j e c te d t he argument of petitioners that the extension should have only been limited to 60 days, saying the Constitution did not fix a period of duration for such extension and is also actually silent as to how

many times the Congress could extend martial law declaration by the President. The SC also found basis to the arguments of the Office of the Solicitor General (OSG) that the extension is necessary for public safety. The SC likewise ruled that the factual bases for the martial law declaration remain in Mindanao, citing the facts submitted by the Armed Forces of the Philippines during oral arguments last month. “ T h e re b e l l i on t h at spawned the Marawi incident persists. Public safety requires the extension, as shown by facts presented by the AFP,” it explained. As to the fear of the petitions that the extension would result to widespread violation of the constitutional rights of the people in Mindanao, the Court noted that the Constitution had provided safeguards against abuses. Victims of human rights abuses, according to the SC, also have legal remedies such as the writs of amparo and habeas data and may seek refuge under the provisions of the Universal Declaration of Human Rights. “Petitioners failed to satisfy the requisites for the issuance of an injunction. The claims of violation of human rights are speculative and lack nexus between the exercise of martial law powers and their apprehension of such violations,” the Court ruled. The SC received the first petition filed on Dec. 27, 2018, by the minority bloc from Congress led by Lagman together with Representatives Tomasito Villarin, Edgar E r i c e , Te d d y B r aw n e r Baguilat Jr., Gary Alejano and Emmanuel Billones. The second petition filed on Jan. 8, 2018 by the National Union of Peoples’ Lawyers ( N U PL ) and p ar t y - l ist congressmen Carlos Zarate

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte Pet. for Not. Com No. 045-07-2018 IN RE: PETITION FOR APPOINTMENT AND/OR COMMISSION AS NOTARY PUBLIC FOR AND IN THE CITY OF ILIGAN CITY AND PROVINCE OF LANAO DEL NORTE ATTY. MACARUPUNG B. DIBARATUN, Petitioner. X---------------------------/ NOTICE OF HEARING NOTICE is hereby given that a summary hearing on the petition for Notarial Commission of ATTY. MACARUPUNG B. DIBARATUN shall be on March 23, 2018 at 8:30 in the morning at RTC, Branch 07, Tubod, Lanao del Norte. Any person who has any cause or reason to object to the grant of the petition may file a verified written opposition thereto, received by the undersigned before the date of the summary hearing. Done this 2nd day of February, 2018 at Tubod, Lanao del Norte.

(Bayan Muna), Emmie De Jesus (Gabriela), Arlene Brosas (Gabriela), Ariel Casilao (Anakpawis), Antonio Tinio (ACT Teachers), and Sarah Elago (Kabataan). The third petiton was filed by former Human Rights Commission head Loretta Ann “Etta” Rosales while the fourth petition was filed by a group led by former Commission on Elections chairman Christian Monsod. All petitions stated that the extension, which was approved by Congress in a joint 240-27 vote last December, lacked sufficient factual basis as Marawi City was already liberated and key leaders of the rebellion were reported dead. Last January 17, the high court ended the two-day oral arguments on the four consolidated petitions against the martial law extension in Mindanao. On Dec. 13, 2017, a total of 240 members of Congress voted to approve to extend martial law in Mindanao, while only 27 voted against it. The approved extension would take effect beginning Jan. 1, 2018 until Dec. 31, 2018. In December last year, the high court upheld with finality the constitutionality of Duterte’s declaration of martial law in Mindanao. T h e S C ’s 8 2 - p a g e landmark decision, penned by Associate Justice Mariano Del Castillo, said that the 1987 Constitution granted Duterte the prerogative to put any part of the country under martial rule. (PNA)

Mayor... from page 1

Ombudsman order address to the DILG regional office on Jan. 30, 2018. The DILG central office said that it received the Ombudsman’s endorsement dated Dec. 20, 2017 signed by assistant Ombudsman Edna Dino only on January 5, 2018 ordering the DILG to implement the order within 30 days. Records showed t hat t he DILG reg ional office received the DILG memorandum from Manila at 4:30 p.m. on Feb, 2, 2018. The DILG officials led by Area Regional Director Abdullah Matalam served the dismissal order of the Office of the Ombudsman involving the graft case against Moreno and the city officials when they were still ser ving in Misamis Oriental. The case stemmed from the alleged “illegal” lease of equipment while Moreno was still the provincial governor in Misamis Oriental. The amount involves P 20.5 million. More n o arg u e d t h at he has already obtained a consolidated Temporary Restraining Order (TRO) against the projected dismiss al order against him involving the case. BusinessWeek learned that Moreno’s camp has, last week, filed a “status quo ante” with the Court of Appeals (CA) to prevent the new dismissal order to

be served. The information only confirmed that Moreno and his camp already knew before the Ombudsman’s latest dismissal order was issued. Ac c o r d i n g t o M D N s o u r c e s , t h e D I L G ’s re g i on a l of f i c e got t h e copies of the memorandum of the DILG’s central office ordering the dismissal of Moreno about 4:30 Friday afternoon last week. Moreno’s lawyer Dale Mo r d e n o r e c e i v e d t h e dismissal order Monday because Moreno was not around w hen the order was served. Matalam and the DILG regional lawyer sworn Vice Mayor Reiner Uy as the new city mayor when the dismiss al order against Moreno was served 3:48 Monday afternoon. T h e l at e s t d i s m i s s a l order of Moreno was one among the dozens of dismiss a l orders of t he Office of Ombudsman in the past. M o r e n o , h o w e v e r, always obtain a temporary restraining order from the C our t of App e a ls (CA) in Cagayan De Oro City every time the Ombudsman o r d e r e d t h e m a y o r ’s dismissal. “Again, Moreno’s camp is reportedly waiting for the issuance of the ‘status quo ante,’ which the CA might issue anytime Tuesday or Wednesday to render the latest dismissal order ineffective,” a local official said.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 41 Cagayan de Oro City PETITION FOR EXTRA JUDICIAL EJF NO. 2017-390 FORECLOSURE OF REAL ESTATE MORTGAGE UNDER 4 ACT 3135 AS AMENDED BY ACT 4118 FOR: HOME DEVELOPMENT MUTUAL FUND (Pag-Ibig), Petitioner, EXTRA-JUDICIAL FORECLOSURE REAL ESTATE MORTGAGE JOSE V. AYCO, Respondent. x- - - - - - - - - - - - - - - - / NOTICE OF EXTRA-JUDICIAL SALE

Upon extra-judicial petition for sale under Act No. 3135/4118 filed by HOME DEVELOPMENT MUTUAL FUND (Pag-Ibig), against JOSE V. AYCO, widower, of legal age, Filipino citizen with postal address at Lot-25, Blk-20, PSD-10-044328, WOODLAND HEIGHTS SUBD., MACASANDIG, CAGAYAN DE ORO CITY, to satisfy the mortgage indebtedness which as of July 7, 2017, amount to SEVENTY SIX THOUSAND ONE HUNDRED TWENTY ONE PESOS & 79/100 (P76,121.79), Philippine Currency, inclusive of interest, penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on March 8, 2018 at 10:00 A.M. at the main entrance of this Court, Regional Trial Court, Branch 41., Goldbridge Bldg. Masterson Ave. Cor. PNR Sr. Ave. Upper Carmen, Cagayan de Oro City, to the highest bidders, for cash or manager’s check and in Philippine Currency, the following personal properties, to wit: TRANSFER CERTIFICATION OF TITLE NO. T-195965 LOT PORTION OF LOT AS SURVEYED FOR LAND USE LOCATION AREA

: 25, Blk-20, Psd-10-044328 : 2835-B, Psd-10-042804 : Liberty Land Corp. (Woodland Heights) : Residential : Macasandig, Cagayan de Oro City : FIFTY FIVE (55) SQ. M. more or less Including all improvements found thereon.

All Sealed bids must be submitted to the undersigned on the above-stated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the property herein-above described and encumbrances thereon, if any there be. Cagayan de Oro City, January 8, 2018. ALDEN V. SAMBAAN

BWM: Feb. 7, 14 & 21, 2018

(Sgd.) DENNIS P. VICOY Acting Presiding Judge

BWM: Jan. 24, 31 & Feb. 7, 2018

Sheriff IV

12

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|february 7, 2018